Michael McGrath
Ceist:123. Deputy Michael McGrath asked the Minister for Finance the yield from inheritance tax in each of the years 2011 to 2016; and if he will make a statement on the matter. [9321/17]
Amharc ar fhreagraThursday, 23 February 2017
Ceisteanna (123, 124, 125)
Michael McGrath
Ceist:124. Deputy Michael McGrath asked the Minister for Finance the approximate number of inheritance cases that resulted in a liability for capital acquisitions tax in each of the years 2011 to 2016; and if he will make a statement on the matter. [9322/17]
Amharc ar fhreagraMichael McGrath
Ceist:125. Deputy Michael McGrath asked the Minister for Finance the cost of agricultural relief, business relief, favoured nephew status and dwelling house relief against capital acquisitions tax and the number of claims received for each of these in each of years 2011 to 2016 in tabular form; and if he will make a statement on the matter. [9323/17]
Amharc ar fhreagraFreagraí scríofa
I propose to take Questions Nos. 123 to 125, inclusive, together.
I am advised by the Revenue Commissioners that the Revenue Statistics webpage contains detailed information on Capital Acquisitions Tax (CAT) and other taxes. A breakdown of CAT net receipts for 2011 to 2015, including inheritance tax, is shown at: http://www.revenue.ie/en/about/statistics/receipts-capital-acquisitions-tax.html.
The estimated yield from inheritance tax for 2016 is €385 million.
In relation to the second Question, the number of those who were liable for inheritance tax in each of the years 2011 to 2016 is as shown in the following table. This table shows only the number of cases where a liability to tax arose; it does not include cases that would not have been liable for tax, e.g., because the beneficiary had not exceeded the relevant life-time tax-free threshold. Figures for 2016 should be considered provisional and may be subject to change.
|
- |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
|
Inheritance Tax - Number of Cases |
9,705 |
10,011 |
10,166 |
11,651 |
12,987 |
13,000 |
Information on tax expenditures, including Agricultural Relief, Business Relief and Dwelling House Exemption for 2011 to 2015, is available at
http://www.revenue.ie/en/about/statistics/costs-expenditures.html.
The provisional figures for 2016 relating to Agricultural Relief are 1,263 claims at an estimated tax cost of €118 million, while the data for Business Relief for the year are 483 claims at an estimated tax cost of €85 million. The provisional figures for 2016 relating to Dwelling House Exemption are 641 claims at an estimated cost of €58 million. Updates will be published on the Revenue website in due course for 2016 once finalised.
In relation to Favourite Nephew/Niece relief, the numbers availing are shown in the following table. The necessary detailed data are not available to provide a basis for compiling the cost of the relief.
|
- |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
|
Favourite Nephew/Niece Number of Cases |
102 |
105 |
90 |
114 |
133 |
83 |